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AsianPaints | Wyckoff Events & Phases Explained !!Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases Price Action Analysis And this is the accumulation stage - 1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move. - Volume increases and price spread widens, signaling that the down-move may be approaching its end. 2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. - Often price will close well off the low in an SC, reflecting the buying by these large interests. 3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline. - A wave of buying easily pushes prices up. - The high of this rally will help define the upper boundary of an accumulation. 4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand. - If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC. - It is common to have multiple STs after an SC. 5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume. 6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS. 7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume. All the phases of accumulation stage- Phase A: Phase A marks the stopping of the prior downtrend. -- Up to this point, supply has been dominant. -- The approaching cutback of supply is evidenced in preliminary support (PS) and a selling climax (SC). -- A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. -- If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. -- Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Phase B: -- Phase B serves the function of “building a cause” for a new uptrend -- In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. --There are usually multiple STs during Phase B' -- Institutional buying and selling impart the characteristic up-and-down price action of the trading range. --Early on in Phase B, the price swings tend to be wide and accompanied by high volume. Phase C: -- It is in Phase C that the stock price goes through a final test of the remaining supply. -- this marks the beginning of a new uptrend, trapping the late sellers (bears). -- It indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. -- The appearance of an SOS shortly after a spring or shakeout validates the analysis. Phase D: --During Phase D, the price will move at least to the top --LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: --large operators can occur at any point in Phase E. --These are sometimes called “stepping stones” on the way to even higher price targets. -------------------------------------------------- Regards, Revive Traders ------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:ASIANPAINTLong
by ReviveTraders
1
BANKNIFTY FOR 05 SEP#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:BANKNIFTYLong
by MISSION_TRADING
NIFTY FIN SERVICE FOR 05 SEP#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:CNXFINANCELong
by MISSION_TRADING
NIFTY FOR 05 SEP#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:NIFTYLong
by MISSION_TRADING
Valiant Organics - Double bottom and descending triangleCMP - 411 TARGET – 1800 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: A descending triangle refers to a chart pattern used in technical analysis that is characterized by a descending upper trendline and a second, flatter horizontal trendline forming a support level. Downtrend: The market in question must be in an existing downtrend before the descending triangle pattern appears. Consolidation Phase: The descending triangle appears when the market is entering the consolidation phase. Descending Upper Trendline: Building on the second point, a downward sloping trendline can be drawn by connecting the upper points and indicates that the sellers are gradually pulling prices down. Horizontal Lower Trendline: The lower horizontal trendline primarily acts as a support, and prices often approach the level until the breakout occurs.
NSE:VALIANTORG
by Imran_I_Ahmed
Nifty Intraday Analysis for 4th September 2024NSE:NIFTY Index closed near 25280 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 85.28 Lakh 25300 Strike – 71.93 Lakh 25600 Strike – 67.34 Lakh Put Writing 25000 Strike – 65.91 Lakh 24500 Strike – 57.30 Lakh 25200 Strike – 50.85 Lakh Index has resistance near 25350 – 25375 range and if index crosses and sustain above 25375 level then may reach near 25500 - 25600 range. Index has immediate support near 25175 – 25125 range and if 25125 support is broken then index may tank near 25000 – 24900 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 4th September 2024NSE:BANKNIFTY Index closed near 51690 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 35.36 Lakh 51500 Strike – 26.79 Lakh 52500 Strike – 23.78 Lakh Put Writing 51000 Strike – 33.79 Lakh 51500 Strike – 31.78 Lakh 51200 Strike – 26.12 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustain above 52100 level then may reach near 52500 – 52600 range. Index has immediate support near 51450 – 51250 range and if this support is broken then index may tank near 50900 - 50900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 4th September 2024NSE:CNXFINANCE Index closed near 23920 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 5.71 Lakh 23700 Strike – 3.78 Lakh 23900 Strike – 2.97 Lakh Put Writing 23700 Strike – 7.63 Lakh 23800 Strike – 3.60 Lakh 23900 Strike – 3.21 Lakh Index has resistance near 23950 - 24000 range and if index crosses and sustain above 24000 level then may reach near 24250 - 24300 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 4th September 2024NSE:NIFTY_MID_SELECT Index closed near 13210 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13200 Strike – 10.16 Lakh 13600 Strike – 8.21 Lakh 13500 Strike – 7.11 Lakh Put Writing 13200 Strike – 12.91 Lakh 13100 Strike – 5.84 Lakh 13000 Strike – 4.49 Lakh Index has immediate resistance near 13275 - 13250 range and if index crosses and sustain above 13275 level then may reach 13450 – 13500 range. Index has immediate support near 13150 – 13100 range and if this support is broken then index may tank near 12850 – 12800 range.
NLong
by RKMAURYA
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY ❇️ Good trade setup in Nifty50. ❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red. ❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points. ❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point. ❇️ Stopploss should be slightly above previous closing. ❇️ Achievable targets are. 25155-25125-25025. ❇️use your trailing stopploss after seeing profits. 👉🏻 @thetradeforecast 🇮🇳
NSE:NIFTYShort
by thetradeforecast
1
BITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH SEPTEMBERBITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH MONGTH SEPTEMBER In day timeframe chat a rectangular structure is showing on bitcoin And it’s already breaked the rectangle support zone So according to the data the current structure showing The overall September market should must be bearish due to Technical analysis The fall should be a huge fall It must be 13000 point fall due to The support zone at 43.700 So invested and trader be ready a huge fall is going to occur soon in bitcoin
CRYPTO:BTCUSDShort
by tradergyan01
2
TI: Breakout from Cup and Handle Pattern with High Volume Tilaknagar Industries Ltd. (TI) has exhibited a textbook breakout from a well-defined Cup and Handle pattern on the weekly chart. This pattern is often seen as a bullish continuation signal, indicating the potential for further upward movement. Key Observations: Cup and Handle Formation: The stock has formed a classic Cup and Handle pattern over the past several months. The "cup" reflects a gradual rounded bottom, signaling a consolidation phase, followed by a minor "handle" retracement. This pattern suggests that the stock has absorbed selling pressure and is now ready to continue its upward trend. Breakout Confirmation: The breakout above the resistance level of around ₹290, marked the completion of the pattern, with the price closing at ₹301.75, a significant 9.99% increase. The breakout has occurred with strong momentum, as evidenced by the robust bullish candlestick. Volume Spike: Accompanying the breakout, there has been a notable spike in trading volume, which adds validity to the breakout. High volume during a breakout is a strong indicator that the move is supported by substantial buying interest. Trendline Support: The stock has respected an upward sloping trendline, which has acted as a strong support level throughout the pattern's formation. This trendline support strengthens the bullish outlook. Conclusion: The technical setup for Tilaknagar Industries Ltd. appears to be very bullish following the confirmed breakout from the Cup and Handle pattern. The surge in volume further corroborates the breakout, indicating a high probability of continued upward movement. NSE:TI This setup offers a favorable risk-to-reward ratio for those looking to capitalize on a bullish trend in Tilaknagar Industries Ltd. Keep an eye on the volume and price action in the upcoming weeks to gauge the sustainability of the breakout. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always perform your own research or consult with a professional before making any trading decisions.
NSE:TILong
by rajsharmatt